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A ( n ) 1 4 - year bond has a coupon of 1 0 % and is priced to yield 1 5 % .
Anyear bond has a coupon of and is priced to yield Calculate the price per $ par value using semiannual compounding. If an investor purchases this bond two months before a scheduled coupon payment, how much accrued interest must be paid to the seller?
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The price of the bond, PV is $
enter your response here. Round to the nearest cent.
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